Annual pay and an hourly rate
The salary page converts a yearly amount, a monthly amount, and an hourly rate using the hours and weeks you type. Equal annual pay can still mean different hourly rates when the hours or the weeks differ. The page result is gross. Do not compare it with money that lands in the bank until you subtract the deductions on the statement. The sample amounts on the page are not a quote from a bank, a card issuer, or an employer. Replace them with the figures on your statement and run the page twice to see which field moves the result.
The default year
40 hours times 52 weeks is 2,080 hours. That is the usual full-time divisor.
Unpaid leave or a 48-week year changes the hourly rate. Edit the weeks before you compare offers.
40 hours times 52 weeks is 2,080 hours. An annual 41,600 divided by that is an hourly 20. A year of 48 paid weeks changes the hourly rate. Edit the weeks before you compare two offers.
What is left out
Tax, pension, health insurance, and overtime premiums are not in the formula.
Use the result as the gross rate, then subtract the deductions from your own statement.
Tax, pension, health insurance, and overtime pay are not in the formula. The result is a gross rate. Take-home pay is that rate minus the deductions on your own statement. The calculator does not withhold tax.
Monthly is not yearly divided by 12 in every contract
Some contracts pay 12 equal months. Some pay 52 weeks. The page shows both so you can see the gap.
If the offer says monthly, start from the monthly field rather than inventing an hourly rate first.
Some contracts pay twelve equal months. Others pay by the week. Annual divided by 12 and the sum of weekly pay can differ. If the offer is written as a monthly amount, start from the monthly field.
Related tools
These figures are estimates you can recompute from the formula on the page. They are not a lender quote, a tax bill, a payroll statement, or financial advice.